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Latest entries
Entrepreneurship
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5min
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9/8/26

Customer Acquisition Cost (CAC): what it is, how to calculate it correctly, and why "blended" metrics can be misleading

CAC might seem like a simple formula, but a blended number can hide channels that are burning through your cash. Learn how to calculate it correctly by channel and what payback period to aim for based on your startup's stage.

Popular Entries

Startup Debt Ratio: A Guide by Stage and Common Mistakes

The debt ratio's formula, threshold, and interpretation change depending on the stage. We explain the two formulas, the ranges for each phase, and how to use it effectively.
5min
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9/7/26
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Startup term sheets: the clauses that decide who wins at exit

Which term sheet clauses actually impact your exit payout and how your unit economics shape the investor's offer.
5min
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9/1/26
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Corporate Financial Planning: The Cadence and Scenarios That Protect Your Cash Flow

Why corporate financial planning fails if you don't calibrate the review cadence for each metric and confuse the three types of break-even.
3 min
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8/28/26
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Accounting and CFO Services for Startups: Why Keeping Them Separate Costs You (and How to Connect Them Properly)

Connecting accounting and the CFO from day one prevents lost funding rounds. Learn what to automate, which metrics to watch, and which mistakes cost more than they seem.
5min
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8/27/26
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New and worthly
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3 min read

Accounting advisor vs. CFO: they are not interchangeable

The difference between an accounting advisor and a CFO doesn't depend on the size of the company or the available budget: it depends on the role each one plays.

3 min
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7/13/26
New and worthly
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3 min read

How to improve your company's profitability once you have traction: the levers that matter

More revenue doesn't always mean more profit. This guide is for companies that are already selling and need that to translate into real margins and predictable cash flow.

3 min
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7/7/26
New and worthly
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3 min read

New ACCIÓ 2026 grants for R&D&I: three non-repayable grants for innovative startups and SMEs in Catalonia

Up to €250,000 in non-repayable grants for R&D projects. ACCIÓ will soon open calls for its three business innovation schemes for companies based in Catalonia.

3 min
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7/7/26
New and worthly
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3 min read

Financial metrics for startups: what to measure, when, and why cadence changes everything

A CFO doesn't measure everything all the time. In 2026, Spanish investors demand real data, not weekly estimates disguised as rigor. This guide explains which metrics each stage needs, how often, and what benchmarks define a financially healthy startup today.

5 min
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7/2/26
New and worthly
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3 min read

Corporate Tax 2026: The 15% Rate Is Not Automatic for Startups

Everything you need to know about rates, reserves, and contributions before the fiscal year closes.

3 min
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7/1/26
New and worthly
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3 min read

ENISA para startups: préstamos participativos (2026) | Intelectium

ENISA financia startups sin avales con préstamos de 25.000 € a 1,5 M€. Guía 2026: líneas activas, requisitos, proceso y errores frecuentes.

8 min
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6/25/26
New and worthly
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3 min read

INNOGLOBAL 2026 (CDTI): Non-repayable grant for R&D projects in international cooperation

INNOGLOBAL is the CDTI call for applications that finances the participation of Spanish companies in R&D projects developed in international consortia with non-repayable grants.

5 min
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6/18/26
New and worthly
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3 min read

CFO externo para startups: guía completa de funciones, fases y cómo elegir el tuyo

Qué hace un CFO externo, cuándo lo necesita tu startup y cómo elegir el tuyo. Guía práctica con checklist, métricas y criterios de Intelectium tras 450+ startups acompañadas.

15 min
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6/15/26
New and worthly
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3 min read

Grants for Startups in Spain

Complete Guide to Non-Repayable Grants for Startups in Spain 2026: NEOTEC, Torres Quevedo, EIC Accelerator, and regional programs. Which to apply for and when.

8 min
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6/4/26
New and worthly
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3 min read

Public Funding for Startups in Spain (2026): ENISA, CDTI, ICO, and more

Reference guide to all public funding instruments available for startups and SMEs in Spain in 2026: from ENISA and CDTI to regional lines and European programs. Access all the information in a single article.

15 min
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5/29/26
New and worthly
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3 min read

Intelectium Success Story: Multiplo Capital, the digital financial advisor democratizing wealth management in Spain

Meet the Spanish startup, regulated by the CNMV, that brings personalized wealth management advice to any saver

3 min
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5/28/26
New and worthly
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3 min read

The paradigm shift in R&D qualification for AI projects: what has changed, how to detect it, and how to adapt

Until 2025, integrating machine learning or NLP was sufficient grounds to access public R&D grants. Since the second half of the year, evaluators have been applying a radically different logic. Here's what has changed and how to adapt your project. Author: Anna Casòliva, Head of Funding at Intelectium

4 min
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5/21/26
New and worthly
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3 min read

Intelectium success story: YUP is promoting a project of more than 750,000€ together with the CDTI, to develop the next generation of urban micromobility infrastructures, obtaining more than 360,000€ through the CDTI Cervera line for execution.

Promoting innovation in urban mobility through CDTI Cervera funding

2 min
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4/29/26
New and worthly
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3 min read

ACCIÓ 2026 grants for Catalan startups and SMEs

Updated summary of ACCIÓ's main lines of aid in 2026 by type, beneficiary and application deadline or

2 min
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4/27/26
New and worthly
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3 min read

War, Geopolitics, and the 6-8 Trillion Dollar Technological Revolution: The Matrix of Four Scenarios

By: Patricio Hunt, Intelectium Managing Partner

2 min
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4/22/26
New and worthly
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3 min read

Intelectium x Avançsa webinar: keys to the funding instrument of the Government of Catalonia

On April 15, we held a webinar with Avançsa in which more than 40 people had the opportunity to learn first-hand how this regional funding instrument works

2 min
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4/16/26
New and worthly
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3 min read

CDTI 2026 Science and Innovation Missions Program

The CDTI Science and Innovation Missions Program is one of the most ambitious R&D calls in the Spanish innovation system: wide-ranging cooperative projects that respond to the country's major socio-economic challenges.

2 min
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4/15/26
New and worthly
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3 min read

How to achieve a clearer financial visibility of your company: the key is to correctly calculate the margin per business unit

A practical guide to understanding which lines of business actually generate value and which are destroying profitability

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4/13/26
New and worthly
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3 min read

Pricing strategy: How to set prices that maximize revenue and margin

A pricing error can compromise years of work, turning volume growth into a trap that destroys value instead of creating it.

2 min
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4/13/26
New and worthly
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3 min read

Why control cash flow on a weekly basis (and how to do it right)

Checking the treasury once a month may be sufficient in stable companies. In innovative startups and SMEs that are growing, it is not.

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4/13/26
New and worthly
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3 min read

External CFO for ecommerce: functions, KPIs and why more and more online stores need it

Ecommerce in Spain exceeded 100 billion euros in 2025, according to the CNMC.

3 min
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4/13/26
New and worthly
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3 min read

Analysis of European Venture Capital in 2025: selective recovery and extreme concentration

By: Patricio Hunt, Intelectium Managing Partner

2 min
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4/6/26
New and worthly
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3 min read

Intelectium success story: Tribu House gets €100,000 through the ENISA Digital Entrepreneurs line to scale up its family reconciliation model in Barcelona

Tribu House combines educational play, flexible child care and parental well-being in one space.

2 min
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3/27/26
New and worthly
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3 min read

ICO Growth Exporters: partially refundable grants to boost the international expansion of SMEs

The Official Credit Institute (ICO) has launched the ICO Exportadores Growth line, an initiative aimed at improving access to finance for companies affected by changes in the global tariff environment.

2 min
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3/24/26
New and worthly
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3 min read

New line of CDTI grants: Partially reimbursable grants for testing and experimentation infrastructures to promote business innovation

The CDTI Innovation has launched a new line of grants aimed at strengthening the innovation ecosystem in Spain by supporting scientific-technological infrastructures.

2 min
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3/20/26
New and worthly
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3 min read

Financial Runway: What it is and how to calculate it for your startup

The financial runway is one of the most critical concepts for the survival of any startup.

3 min
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3/12/26
New and worthly
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3 min read

SAFE Note in Spain: The definitive guide for startups (Includes comparison)

The SAFE Note, or “Simple Agreement for Future Equity”, is a financial instrument increasingly used in the startup ecosystem in Spain. It allows investors to provide capital in exchange for the promise of receiving shares in the future, facilitating financing without the need to value the company at the time of investment.

3 min
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3/11/26
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